V-Mart Retail Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 24, 2014 at 08:11 am EST
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V-Mart Retail Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. The company reported total income from operations of INR 1,954.041 million, profit from operations before other income, finance costs and prior period items of INR 228.772 million, net profit before tax of INR 212.243 million, net profit of INR 140.966 million or INR 7.85 per basic and diluted share against total income from operations of INR 1,199.201 million, profit from operations before other income, finance costs and prior period items of INR 163.314 million, net profit before tax of INR 152.971 million, net profit of INR 103.001 million or INR 7.38 per basic and diluted share a year ago. EBITDA grew by 41% year over year. Net sales/income from operations was INR 1,954.041 million against INR 1,198.513 million a year ago.
For the nine months, the company reported total income from operations of INR 4,361.379 million, profit from operations before other income, finance costs and prior period items of INR 400.352 million, net profit before tax of INR 361.277 million, net profit of INR 240.606 million or INR 13.40 per basic and diluted share against total income from operations of INR 2,885.294 million, profit from operations before other income, finance costs and prior period items of INR 292.247 million, net profit before tax of INR 250.065 million, net profit of INR 168.580 million or INR 12.09 per basic and diluted share a year ago. Net sales/income from operations was INR 4,354.297 million against INR 2,881.227 million a year ago.
V-Mart Retail Limited is an India-based retail store chain that offers readymade garments and accessories. The Company operates through two segments: Retail Trade, and Digital Marketplace. The Retail Trade segment is engaged in domestic sales to customers at stores. Digital Marketplace is engaged in the commission and other income by providing a Limeroad platform for vendors. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. Its general merchandise includes footwear, home furnishings, kitchenware, toys and games, bags and luggage, and crockery. Its Kirana bazaar includes fast-moving consumer goods (FMCG) products, packaged food items, beauty, and personal care, home care, and staple products. It operates through approximately 423 stores across 26 states. Its stores are located in states/cities, including Uttar Pradesh, Delhi, Bihar, Jharkhand, Haryana, Uttarakhand, Madhya Pradesh, and West Bengal.